Gaming

Gambling contributes $460m to Colombia´s GDP in 2019

Friday 04 de September 2020 / 10:21

⏱ 1 min read

(Colombia).- Finance Minister Alberto Carrasquilla has revealed that gambling contributed 0.2% of the country’s total GDP in 2019, equal to approximately $460m. Carrasquilla said at the Congreso LAFT America 2020 that gambling created more than 111,000 jobs, and that the health and science sectors received around $171m last year.

Gambling contributes $460m to Colombia´s GDP in 2019

The minister stressed that gambling has been one of the sectors that have suffered the most during the pandemic, and explained that Legislative Decree 808 “focused on alleviating the pressure on gambling operators,” as local media Dinero reported.

“The Government came up with a relief package to compensate for the fixed rate that they pay for their operations and the six-month postponement, as well as the measure that forced them to reduce the number of slot machines,” he added.

Carrasquilla also said that the second quarter has been historically the worst for the local economy, but he highlighted the government’s work to mitigate the damage caused by the pandemic.

“So far, more than $7bn were provided from the public budget and another $10.8bn in credit guarantees in a context with a sharp fall in tax revenues. This implies an increase in public debt and a fiscal challenge that we will have to face in the short term.”

In addition, the minister spoke about the measures implemented by the sector to prevent illegal gambling, and said that local entities must play an active role to fight money laundering.

“In recent years, Colombia has achieved all international standards in the anti-money laundering area,” he said.

Categoría:Gaming

Tags: Sin tags

País: Colombia

Event

SBC Summit 2026

29 de September 2026

Uplatform Brought "Your Dreams. Our Platform" to Life at SBC Summit Lisbon 2026

(Limassol).- At Stand D215, Uplatform turned operator visions into reality during SBC Summit Lisbon 2026, blending standout experiential design with cutting-edge iGaming solutions.

Friday 09 Oct 2026 / 12:00

Kambi Highlights Network and LatAm Growth at SBC Summit

(Lisbon, SoloAzar Exclusive).- Mateo Lenoble, Head of Sales LatAm at Kambi, spoke to SoloAzar during SBC Summit 2026 in Lisbon about the company’s objectives at the event, the business opportunities emerging across Latin America, and the meaning behind its refreshed “Powerful Network. Proven Edge.” positioning.

Friday 09 Oct 2026 / 12:00

GR8_TECH Highlights Speed and Growth at SBC Summit 2026

(Lisbon, SoloAzar Exclusive).- Vardan Hakobyan, Head of Sales at GR8_TECH, spoke to SoloAzar during SBC Summit 2026, held from September 29 to October 1 at Feira Internacional de Lisboa, about the company’s objectives for the event, the business opportunities generated, its strategy in Latin America, and its priorities for the coming months.

Friday 09 Oct 2026 / 12:00